My favorite part of the infomercial was when some guy was trading from his bed with his laptop in his underwear.
Made me feel right at home.
Those who have been short the bear market, are as much of a genius as those who were long the bull market.
Let's see, Abey Joseph Clone was considered one to follow because she was swimming in the direction of the current.
Now look at her, she is a laughing stock, along with other perma bulls who were once put on a pedestal.
Whether or not Waxie is a good trader will be known over time, and whether or not he can maintain success in many different market conditions.
Someone mentioned that Waxie had made them money. Bullcrap.
You make your own money. You make your own decisions. You make your own trades. If you decide to surrender decision making on trades to someone else, you are no longer a trader, you are simply like all the other sheep waiting to be shorn.
If you are learning how to trade on your own, that is good. If Waxie is teaching other people how to trade, that is of value. However, if people depend upon him for their decision making, they are headed down a path of destruction.
If you become dependent on someone else to make calls for you, you are becoming a slave, and in the end will turn on your master.